Which of the following identifies the proper order of the accounting cycle?
A)Analyze,Journalize,Unadjusted Trial Balance
B)Analyze,Post,Unadjusted Trial Balance
C)Journalize,Post,Adjusted Trial Balance
D)Unadjusted Trial Balance,Adjusted Trial Balance,Close
E)Adjusted Trial Balance,Adjustments,Financial Statements

Question

Quizplus · Accepted Answer

The proper order of the accounting cycle is Journalize, Post, Adjusted Trial Balance. Analyze comes before journalizing, but it is not a separate step in the accounting cycle. After the adjusted trial balance, adjusting entries are made and then an adjusted trial balance is prepared again before financial statements are created. The close step comes after financial statements are prepared. Therefore, options A, B, D, and E are all incorrect.

Which of the Following Identifies the Proper Order of the Accounting